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Japan Stock Futures Rise, Signal Asia Rebound From Cyprus Plunge – Bloomberg

Japan stock futures and Australian shares rose, signaling the Asian benchmark index may rebound after concern that Europe will plunge back into crisis wiped $190 billion off the value of regional equities yesterday. American Depositary Receipts of Mitsubishi UFJ Financial Group Inc. (8306) climbed 1.8 percent after Japan’s largest publicly traded lender yesterday fell by […]

Asia-Pacific Bond Risk Falls, Credit-Default Swap Prices Show – Bloomberg

The cost of insuring corporate and sovereign bonds in the Asia-Pacific region against non-payment decreased, according to traders of credit-default swaps. The Markit iTraxx Asia index of 40 investment-grade borrowers outside Japan fell 3 basis points to 102.5 basis points as of 9:24 a.m. in Hong Kong, Royal Bank of Scotland Group Plc prices show. […]

South Asia and the Geography of Poverty – Huffington Post

The world has become relatively less poor in the last few decades. People under conditions of extreme poverty — that is, living on less than $1.25 per day — have declined as a proportion of the world population, from 52 percent in 1981 to 22 percent in 2008. Thirty years ago almost 75 percent of […]

Is Tizen an Android killer in Asia? – USA TODAY

The Intel logo is displayed at the entrance of Intel Corp. headquarters in Santa Clara, Calif.(Photo: Paul Sakuma AP) Tizen, the new mobile OS from Samsung and Intel, is a lot like Android. Both operating systems are open source and Linux-based. They look and feel about the same, and smartphone users won’t have any problem […]

Asia Stocks Drop Most in Eight Months on Cyprus Bank Levy – Bloomberg

Asia Stocks Drop Most in Eight Months on Cyprus Bank Levy – Bloomberg

Asian stocks fell, with the regional benchmark index heading for the biggest drop in eight months, amid concern an unprecedented levy on bank deposits in Cyprus will plunge Europe back into crisis and that China will add property curbs. Every benchmark gauge in the Asia-Pacific dropped, with the regional measure shedding about $190 billion in […]

Asian Development Bank Warns of East Asia Risk – Wall Street Journal (blog)

Asian Development Bank Warns of East Asia Risk – Wall Street Journal (blog)

By Natasha Brereton-Fukui A surge in money flooding into China, Indonesia and other emerging East Asian countries poses serious risks, the Asian Development Bank warned Monday. And the danger is only expected to grow because the actions of major central banks will likely spur further capital to flow into the region. Associated Press A […]

Could Sri Lanka Become Asia’s Next Casino Hotspot? – Forbes

Could Sri Lanka Become Asia’s Next Casino Hotspot? – Forbes

View of Galle Face, Colombo (Photo credit: Wikipedia) Sri Lanka has become one of Asia’s most promising economies in recent times, yet the potential of it’s gambling sector is only starting to gain recognition amongst international operators looking to expand their presence in Asia. With marque casinos propping up in Macau, Singapore, and now the […]

Asian Bond Risk Surges on Europe; Tower Bersama Hires Banks – Bloomberg

The cost of insuring corporate and sovereign bonds in Asia against non-payment surged as a levy on Cyprus bank deposits spurred renewed turmoil in Europe. PT Tower Bersama Infrastructure Tbk hired banks for a possible dollar- denominated offering. The Markit iTraxx Asia index of 40 investment-grade borrowers outside Japan jumped six basis points to 107 […]

Tan Twan Eng: ‘Each Book Gets Harder’ – Wall Street Journal (blog)

By Brittany Hite Last week, Malaysia’s Tan Twan Eng received the Man Asian Literary Prize for “The Garden of Evening Mists.” Mr. Tan, who also made last year’s short list for the Man Booker Prize, spoke to the Journal about the book, his attempt to tell a woman’s side of the story and why […]

ASIA MARKETS: Asia Stocks Dive On Cyprus Deposit Levy – Fox Business

SYDNEY –  Asia stocks reacted badly on Monday to details of a bailout of Cyprus over the weekend — with U.S. stock-index futures and the euro also sharply lower — as investors fretted about the potential implications of a decision to levy private bank deposits. Japan’s Nikkei Stock Average tumbled 2.1%, South Korea’s Kospi lost […]